Thailand trade fair in Cambodia expected to boost bilateral trade

The SME Thailand Exhibition 2016 was organised in Phnom Penh, Cambodia, from June 23-26, with the aim to boost bilateral trade.

Thailand's exported rice - (Source: investvine.com)

According to Jiranun Wongmongkol, Trade Counselor at the Thai Embassy in Cambodia, in the first four months of 2016, two-way trade between the two countries reached 1.7 billion USD, a decrease of 15 percent compared with that of the same period last year.

Of the total, Thailand’s exports to Cambodia were valued at 1.4 billion USD, down 20 percent, while its imports were 350 million USD, up 12 percent.

The decrease in Thailand’s export value was attributed to the fall in prices of several commodities, notably petrol and oil.